Working capital

Shop working capital, funded in 24 hours.

Liftbay Capital funds auto shop working capital from $10,000 to $2,000,000 over 3 to 18 months, with no minimum credit score, $15,000 a month in bank deposits, and 6 months in business. Offer in about four business hours. Money in 24. Repayment is a fixed daily or weekly ACH out of your operating account — never a percentage of your card sales, and your insurance and fleet checks count toward the approval.

Published criteria

What are the criteria?

Working capital — criteria

Amount
$10,000 – $2,000,000
Term
3 – 18 months
Typical approval size
75% – 150% of one month’s bank deposits, insurance and fleet checks included
Minimum credit score
None
Minimum time in business
6 months
Minimum monthly deposits
$15,000
Documents
Application + 3 months of business bank statements (4 months if seasonal)
Repayment
Fixed daily (Mon–Fri) or weekly ACH. No split of card sales, no holdback.
Collateral
None. Personal guarantee required.
Prepayment discount
Up to 30% of the remaining cost of funding at 30, 60, or 90 days
Offer
~4 business hours · Funding 24 hours
Underwritten
In-house by Liftbay Capital

Figures on this page are representative, not an offer. See disclosures.

Use cases

What do shops actually use working capital for?

Payroll and parts while the insurer pays

A collision or glass shop fronts parts, paint and tech hours on every job and waits weeks for the carrier or DRP check. A supplement pushes it out further. Bridge the gap, then pay it down early when the checks clear.

Typical: $25,000 to $150,000 · 6 to 12 months

A bay that stopped earning

A lift that failed inspection, an alignment rack, a frame machine, a paint booth heater, a tire changer. The jobs that take a bay offline until they are paid for.

Typical: $15,000 to $75,000 · funded same day

Hiring the tech you can’t afford to lose

A good diagnostic tech or a painter costs money before the hours they bill show up in the account. Sign-on, tools allowance and the first weeks of payroll.

Typical: $15,000 to $60,000

Tire and parts inventory ahead of the season

Winter tires in October, A/C parts in April. Build the wall before the rush, not during it. If this repeats every year, a line of credit is the cheaper structure.

Typical: $25,000 to $250,000

Covering the slow winter

Fewer tickets in January and February, same rent, same payroll. Repaid out of spring volume. Seasonal shops send four statements and we size off the floor.

Typical: $20,000 to $100,000

Dealer inventory and floor-plan payoffs

A used-car lot that needs to buy at auction this week, or clear a curtailment, without waiting on the next retail sale. If this is monthly, ask about a line.

Typical: $25,000 to $300,000
The numbers

What does a working capital advance cost?

A working capital advance is priced as a fixed total payback, not an interest rate. You will see three numbers before you sign: the amount funded, the total you repay, and the payment.

Pay it off inside the first 90 days and you keep up to 30% of the remaining cost. Pay it off inside the first 30 and the discount is at its largest. Your actual numbers depend on underwriting your statements. Nothing on this page is an offer.

Read the full disclosures →

Representative file — $150,000 over 12 months

Amount funded
$150,000
Total payback
$190,500
Cost of funding
$40,500
Daily payment
$756 across 21 business days per month
Weekly payment
$3,664
Paid off in the first 30 days
You keep up to $12,150 of the remaining cost
Status
An illustration, not an offer
Underwriting

How do you read a shop’s bank statements?

We’re looking at five things, and it helps to know them before you send.

  1. Average daily balance. More important than your top line. A shop doing $90,000 a month that never dips under $8,000 is a stronger file than one doing $140,000 that lives at zero between insurer checks.
  2. Deposit count and consistency. Card settlements most days, cash, and a steady cadence of carrier or fleet checks reads as a working shop. A few very large checks a month is fine — we just read the balance between them.
  3. NSFs. Three or fewer in 90 days is normal in this trade and will not kill a file. Eight will.
  4. Your floor, not your average. We size the payment against your slowest month in the window, which is why seasonal shops should send four months, not three.
  5. Existing positions. If you have advances out, tell us up front. We’d rather structure around them than discover them — often with a term loan consolidation.
Structure

Daily or weekly?

Weekly

Suits a shop whose money arrives in lumps — insurer checks, fleet remittances, a big Friday of pickups — and whose biggest outflow is weekly tech payroll. One debit a week against a week of deposits.

Common for collision, glass and fleet-heavy shops.

Daily

Suits a high-ticket-count shop with even traffic Monday through Friday — quick lube, tire, general repair — and usually prices better than weekly for the same file.

Debits run on business days only. Weekends and bank holidays are skipped.

Ask for the one that matches your deposit rhythm. You pick at signing, not after. If the payment stops working later, call us and we re-term it — see responsible funding practice.

Published, not hidden

What a shop needs to qualify.

Every number below is a real criterion. If you clear these, apply. If you don’t, call us and we’ll tell you what would change it.

Liftbay Capital — auto repair, collision, tire & dealer funding eligibility
Minimum monthly revenue$15,000 in business bank deposits
Minimum time in business6 months
Minimum credit scoreNone for working capital or factoring. 600+ for a line of credit. 650+ for a term loan. 680+ for SBA.
Funding range$10,000 to $2,000,000 for working capital. Up to $5,000,000 for term loans, SBA, and factoring facilities.
Time to a real offerAbout 4 business hours on a complete file.
Time to funding24 hours. Same day if a clean file is signed before 11:00 AM ET.
Documents requiredApplication plus your 3 most recent months of business bank statements. 4 months if your shop is seasonal.
Contract length2 pages.
RepaymentFixed daily or weekly ACH from your operating account. No split of your card sales. No holdback percentage. No lockbox.
Prepayment discountUp to 30% off the remaining cost of funding when a working capital advance is paid off within the first 30, 60, or 90 days.
Insurance & fleet checksCounted. Insurer and DRP payments, fleet-account checks, warranty reimbursements and cash all count as deposits. We underwrite the bank statement, not the card terminal.
Shop-management softwareNone required. Whatever you write estimates and invoices on makes no difference to underwriting.
Shop types approvedIndependent general repair, collision and body, tire and wheel, quick lube, transmission, diesel and truck, European and import specialists, auto glass, detailing and wraps, mobile mechanics, fleet maintenance, performance and restoration shops, franchise service centers, independent used-car dealers and buy-here-pay-here lots.
Not requiredCollateral for working capital. A business plan. Tax returns under $500,000. A particular parts supplier or DRP agreement. A minimum number of bays or lots.
Open toU.S. businesses with a U.S. business bank account. All 50 states.
Check if you qualify →

Four minutes. Three bank statements. No credit impact to apply.

Straight answers

Working capital questions, answered.

Is a working capital advance a loan?

No. It is the purchase of a fixed amount of future receivables at a discount. There is no APR, no compounding, and no maturity-date balloon. You repay a fixed total amount through fixed daily or weekly ACH debits. See disclosures for the full description.

Can I get working capital for my shop with a 520 FICO?

Yes. Liftbay Capital has no minimum credit score on working capital. We underwrite your business bank statements — average daily balance, deposit count, NSF pattern and your slowest month. Credit is reviewed but it is not a cutoff.

How much will my shop be approved for?

Working capital approvals generally land between 75% and 150% of one month’s bank deposits, insurance and fleet checks included. A shop depositing $100,000 a month typically sees offers between $75,000 and $150,000, sized so the payment survives the slowest month in the statement window.

Do insurance and DRP checks count?

Yes. Anything that lands in your business operating account is a deposit — carrier checks, DRP direct deposits, fleet-account remittances, warranty reimbursements, card settlements and cash. We underwrite the statement, not the card terminal.

Will you take a second position?

We prefer to be first. If you have an open advance we will look at a consolidation or a re-term rather than stacking on top of you. Call before you take another position — the earlier you call, the more structure is available.

Do you hold back a percentage of my card sales?

No. There is no split of your card sales, no holdback percentage, and no lockbox. Repayment is a fixed daily or weekly ACH out of your operating account, so you keep 100% of every ticket as it settles and your cash and insurance deposits count toward your approval.

How early can I pay it off?

Any time. A working capital advance paid off within the first 30, 60, or 90 days qualifies for a prepayment discount of up to 30% of the remaining cost of funding. Shops commonly do this when a batch of insurer checks clears. The exact schedule is stated in your two-page contract.

No minimum FICO. $15,000 a month. Six months open.

If you clear those three lines, you qualify to apply. Four minutes and three bank statements gets you a real number in about four business hours.